Property tax a ticking time bomb

This op-ed by Reboot Illinois Chief Operating Officer Madeleine Doubek warns that the potential property tax increase associated with reforms for two of Chicago’s four pension funds is just one example of several local underfunded pension funds that could require additional revenue from increased property taxes. The Civic Federation said the problem is not unique to Chicago—communities across the state are taking full advantage of their property tax levies for pensions and are still struggling to achieve adequate funding levels.